Northland Properties Corporation Forms New Subsidiary
Wednesday August 7th, 2013 - 2:21PM S
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VANCOUVER, BRITISH COLUMBIA—Northland Properties Corporation has announced its newly formed subsidiary, Northland Capital Corporation. The company’s focus is to provide flexible debt solutions to small and medium size companies with an emphasis in the real estate and hotel sectors.
Northland Capital Corporation will focus on providing financial solutions tailored to meet borrower requirements with quick approvals on flexible short to mid-term financings and will include land, inventory, construction, mezzanine, bridge loans, equity withdrawal and direct equity.
Northland Capital Corporation also welcomes Tom Laing as president and COO. Tom brings 30 years of experience in various management roles at the Royal Bank of Canada serving most recently as VP of Real Estate Banking for British Columbia.
Tags: • Hospitality • Sources of Funding •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.